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The U.S. Supreme Court ruled Tuesday that a good-faith belief that a patent is invalid is not a defense to induced infringement, saying the Federal Circuit erred when it created the defense in a decision that vacated a $74 million verdict against Cisco.(Credit:AP)

High Court Clears One Inducement Hurdle, But Others Remain

The U.S. Supreme Court's ruling Tuesday that a good faith belief that a patent is invalid is not a defense to induced patent infringement benefits patent owners by clearing a hurdle to proving inducement, but the opinion still leaves accused inducers with a viable defense, attorneys say.

  • IRS Can't Tax Foreign Reinsurance Policies, DC Circ. Says

    The D.C. Circuit on Tuesday ruled that the Internal Revenue Service may not collect an excise tax on reinsurance policies between two foreign entities, saying there's no indication that Congress intended the tax to apply to completely foreign companies.

  • FTC OKs $27B Reynolds-Lorillard Merger With Divestitures

    The Federal Trade Commission said Tuesday that Reynolds American Inc. and Lorillard Inc. could go ahead with their $27.4 billion merger as long as they sell four cigarette brands to the U.K.'s Imperial Tobacco Group PLC to assuage the watchdog's antitrust concerns.

  • Obama Loses 5th Circ. Bid To Lift Block On Immigration Action

    The Fifth Circuit on Tuesday refused to grant the Obama administration’s bid to stay a nationwide injunction on two key immigration policies created by the president’s executive actions, saying that the government wasn’t likely to win in its appeal of the block.

  • Dewey Prosecutors Describe 'Massive Fraud' In Trial Opening

    Dewey & LeBoeuf LLP’s former top leaders perpetrated a “massive fraud” in the years leading up to the firm’s 2012 demise, using accounting shenanigans to steal from investors and lenders, a prosecutor said in New York state court Tuesday at the start of a long-awaited jury trial.

  • Deutsche Bank, SEC Reach $55M Crisis-Era Derivative Deal

    Deutsche Bank AG on Tuesday agreed to pay $55 million in a settlement with the U.S. Securities and Exchange Commission over allegations that the bank hid up to $3.3 billion in paper losses on derivatives contracts during the financial crisis.

  • High Court Strengthens Bankruptcy Court Jurisdiction

    The U.S. Supreme Court ruled Tuesday that bankruptcy courts have the authority to make final decisions on certain legal claims that help liquidate a debtor or adjudicate a bankruptcy proceeding, a decision that affirms the jurisdictional authority of bankruptcy courts.